O ROURKE & COMPANY Inc Has $376,000 Stake in Altria Group, Inc. $MO

O ROURKE & COMPANY Inc raised its position in shares of Altria Group, Inc. (NYSE:MO) by 4.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,407 shares of the company’s stock after buying an additional 287 shares during the period. O ROURKE & COMPANY Inc’s holdings in Altria Group were worth $376,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Altria Group by 0.8% during the first quarter. Vanguard Group Inc. now owns 158,117,225 shares of the company’s stock worth $9,490,196,000 after buying an additional 1,300,787 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Altria Group by 5.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 63,288,773 shares of the company’s stock valued at $3,798,592,000 after purchasing an additional 3,483,487 shares during the last quarter. GQG Partners LLC grew its stake in shares of Altria Group by 8,146.4% during the first quarter. GQG Partners LLC now owns 18,698,594 shares of the company’s stock valued at $1,122,290,000 after purchasing an additional 18,471,846 shares during the last quarter. Invesco Ltd. grew its stake in shares of Altria Group by 3.7% during the first quarter. Invesco Ltd. now owns 12,243,041 shares of the company’s stock valued at $734,827,000 after purchasing an additional 441,083 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Altria Group by 40.0% during the first quarter. JPMorgan Chase & Co. now owns 11,961,220 shares of the company’s stock valued at $717,913,000 after purchasing an additional 3,415,237 shares during the last quarter. Institutional investors and hedge funds own 57.41% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Barclays increased their price target on shares of Altria Group from $49.00 to $57.00 and gave the company an “underweight” rating in a research note on Wednesday, August 6th. Morgan Stanley increased their price target on shares of Altria Group from $57.00 to $62.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Bank of America increased their price target on shares of Altria Group from $64.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. UBS Group raised shares of Altria Group from a “sell” rating to a “neutral” rating and increased their price target for the company from $47.00 to $59.00 in a research note on Wednesday, July 2nd. Finally, Jefferies Financial Group assumed coverage on shares of Altria Group in a research note on Wednesday, July 9th. They set an “underperform” rating and a $50.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $60.88.

Altria Group Stock Performance

Shares of MO stock opened at $66.10 on Wednesday. Altria Group, Inc. has a 52-week low of $48.86 and a 52-week high of $68.60. The stock has a market cap of $111.04 billion, a PE ratio of 12.79, a PEG ratio of 3.53 and a beta of 0.59. The firm’s 50 day moving average price is $64.82 and its two-hundred day moving average price is $60.77.

Altria Group (NYSE:MO) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.07. The company had revenue of $5.29 billion for the quarter, compared to analysts’ expectations of $5.21 billion. Altria Group had a net margin of 37.24% and a negative return on equity of 295.26%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the firm posted $1.31 earnings per share. Altria Group has set its FY 2025 guidance at 5.350-5.450 EPS. As a group, sell-side analysts predict that Altria Group, Inc. will post 5.32 earnings per share for the current fiscal year.

Altria Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 15th will be given a dividend of $1.06 per share. This is a positive change from Altria Group’s previous quarterly dividend of $1.02. This represents a $4.24 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend is Monday, September 15th. Altria Group’s payout ratio is 82.01%.

About Altria Group

Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.